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In the latest session, Ares Commercial Real Estate Corp (NYSE: ACRE) closed at $6.57 down -3.81% from its previous closing price of $6.83. In other words, the price has decreased by -$3.81 from its previous closing price. On the day, 1.25 million shares were traded. ACRE stock price reached its highest trading level at $6.81 during the session, while it also had its lowest trading level at $6.5.
Ratios:
For a deeper understanding of Ares Commercial Real Estate Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.29. In the meantime, Its Debt-to-Equity ratio is 2.38 whereas as Long-Term Debt/Eq ratio is at 1.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on September 20, 2024, Downgraded its rating to Underweight and sets its target price to $7 from $7.50 previously.
BofA Securities Downgraded its Buy to Underperform on March 04, 2024, whereas the target price for the stock was revised from $11 to $7.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 30 ’24 when Donohoe Bryan Patrick sold 18,868 shares for $10.32 per share. The transaction valued at 194,669 led to the insider holds 197,414 shares of the business.
FEINGOLD ANTON sold 5,890 shares of ACRE for $61,105 on Jan 29 ’24. The Gen. Counsel VP and Secretary now owns 68,975 shares after completing the transaction at $10.37 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACRE now has a Market Capitalization of 372522944 and an Enterprise Value of 1632380416. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.10 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 41.407.
Stock Price History:
Over the past 52 weeks, ACRE has reached a high of $11.24, while it has fallen to a 52-week low of $6.25. The 50-Day Moving Average of the stock is -3.91%, while the 200-Day Moving Average is calculated to be -6.63%.
Shares Statistics:
For the past three months, ACRE has traded an average of 455.26K shares per day and 428450 over the past ten days. A total of 54.53M shares are outstanding, with a floating share count of 50.82M. Insiders hold about 6.82% of the company’s shares, while institutions hold 42.58% stake in the company. Shares short for ACRE as of 1732838400 were 1488379 with a Short Ratio of 3.27, compared to 1730332800 on 1693543. Therefore, it implies a Short% of Shares Outstanding of 1488379 and a Short% of Float of 2.8099999.
Dividends & Splits
According to the company, the forward annual dividend rate for ACRE is 1.08, from 1.08 in the trailing year. Against a Trailing Annual Dividend Yield of 0.15812592The stock’s 5-year Average Dividend Yield is 12.47.
